07 Dec 2017

Further cut in the SELIC rate

The Central Bank of Brazil cut its key SELIC rate by 50 basis point to 7 %

On December 6. 2017, in line with market expectations, the
Central Bank of Brazil cut its key SELIC rate by 50 basis points to
a 20-year low rate at 7 percent. The guiding SELIC rate has now
been halved from its 14% rate as of October 2016.